News and Announcements
Real Estate Tube: Pain Relief for Renters
- Published June 06, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
We have hit 21, 000 users in 12 months – no mean feat in a space dominated by major players and subject to constant, rapid evolution.
Growth has been organic and steady since day dot.
(Av per month)
– USER REGISTRATIONS + 23%
– LISTINGS + 16%
– ACTIVE USERS + 21%
Why? CEO Steve Makris sees it as a mass reaction to the economic climate – the current system isn’t working.
“In other words, the dance floor of property tech may be crowded, but as more people seek solutions for the pain points of renting, the space is also getting much bigger,” he said.
The issue of housing affordability is not exclusive to buyers: renters are being priced out of the areas in which they work and applying for tenancy has become depressingly like an auction.
Last month, we saw historically low wage growth, fixing a number to what we already knew: the housing affordability crisis is not limited to buyers.